BiggerPockets Real Estate Podcast
April 2025 Housing Market Update: Prices to Weaken, Buyers Get Better Bargains
Apr 18, 2025
Home prices may weaken, offering great deals for those waiting to buy. Inventory is rising, putting sellers in a tough spot as buyers linger. The condo market shows notable weakness, with many sellers needing to accept lower offers. Inflation and stock market uncertainty are affecting demand but it's not another 2008 scenario. There are hints of increasing foreclosures as the market shifts, and buyers need new strategies to navigate this evolving landscape.
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Quick takeaways
- The rising inventory levels signal a shift towards a buyer's market, offering improved bargaining power for prospective homebuyers.
- Recent economic factors, including tariffs and inflation, are impacting buyer confidence and demand, complicating the housing market's trajectory.
Deep dives
Declining Mortgage Rates and Rising Inventory
Mortgage rates have reached their lowest levels in several months, providing buyers with improved affordability in the housing market. Concurrently, inventory levels are rising, with new listings up approximately 13% year-over-year and active listings at 1.1 million. Although this surge in inventory indicates a shift towards a buyer's market, the current levels are still below the expected figures from a normal year, specifically around 30% lower than in 2019. This movement in inventory dynamics highlights a potential transition where buyers may gain more power in negotiations, especially as properties take longer to sell and days on market return to pre-pandemic levels.
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